AAXN - AMMO stock jumps 30% as CEO expects high demand after Georgia elections

Ammunition maker AMMO ([[POWW]], +28%) is rallying sharply after the company issued bullish guidance and the CEO forecasted more demand due to the political climate."The company expects market demand to continue to increase given the recent outcome of the U.S. Senate elections in Georgia, the resulting political uncertainty and impact upon the ammunition and gun industry," CEO Fred Wagenhals said."We have strategically invested to meet this demand, while positioning the company in a diversified manner to address end-user needs within the military, law enforcement and export market segments."The stock has been rallying since the start of December and is up nearly 200%.Smith & Wesson ([[SWBI]], +2.1%) is higher, while Sturm, Ruger ([[RGR]], -0.3%) is down. Taser maker Axon ([[AAXN]], +3.8%) is rising.As the Department of Justice wans about more potential violence, Airbnb is canceling all its reservations for the D.C. area for inauguration week.

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AMMO stock jumps 30% as CEO expects high demand after Georgia elections